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Big Data Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2025 | Hexa Research
“ The global big data market is anticipated to expand at a rapid pace over the
forecast period.”
31 December 2018
The global big data market is anticipated to expand at a rapid pace over the forecast period (2017 to 2025)
owing to the technology’s ability to effectively manage large amounts of data while reducing overall costs.
Increased number of Internet users, popularity of social media, and ability to easily share unlimited
information over these platforms has resulted in generation of large amounts of data on a daily basis, which
is projected to augment demand for big data solutions over the coming years. Extensive usage of cloud
technology has also generated significant volume of information due to enhanced connectivity and
technological developments, thereby providing the market a major boost.
On the other hand, lack of skilled manpower, which is needed to leverage big data capabilities, may have a
negative impact on market growth. Nevertheless, the industry is emerging as a highly lucrative option for
many end-use sectors as this technology allows companies to manage large data volumes in an effecti ve
manner, resulting in overall cost reduction. The emergence of this technology has given opportunities to a
number of businesses to monitor valuable information and convert it into a significant usable insights. The
market has experienced high growth in both structured and unstructured data across various sectors.
Collection and storage of information are vital tasks for companies in almost every industry vertical, which
enables them to analyze information and make smarter decisions. Thus, rising need to manage gathered data
volumes is estimated to spur market expansion in the coming years.
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